General Dynamics Corporation $GD Stock Position Raised by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of General Dynamics Corporation (NYSE:GD) by 3.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,872 shares of the aerospace company’s stock after buying an additional 556 shares during the period. American Century Companies Inc.’s holdings in General Dynamics were worth $4,326,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Principal Securities Inc. grew its position in shares of General Dynamics by 0.5% during the 1st quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company’s stock valued at $2,161,000 after buying an additional 37 shares during the last quarter. Sharpepoint LLC lifted its position in General Dynamics by 4.2% in the 1st quarter. Sharpepoint LLC now owns 917 shares of the aerospace company’s stock valued at $249,000 after purchasing an additional 37 shares during the last quarter. 1858 Wealth Management LLC lifted its position in General Dynamics by 1.2% in the 1st quarter. 1858 Wealth Management LLC now owns 3,224 shares of the aerospace company’s stock valued at $879,000 after purchasing an additional 38 shares during the last quarter. Keystone Financial Services lifted its position in General Dynamics by 1.6% in the 1st quarter. Keystone Financial Services now owns 2,421 shares of the aerospace company’s stock valued at $660,000 after purchasing an additional 38 shares during the last quarter. Finally, Pure Financial Advisors LLC lifted its position in General Dynamics by 0.7% in the 1st quarter. Pure Financial Advisors LLC now owns 6,025 shares of the aerospace company’s stock valued at $1,642,000 after purchasing an additional 39 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mark Lagrand Burns sold 43,860 shares of General Dynamics stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $312.28, for a total value of $13,696,600.80. Following the transaction, the executive vice president directly owned 39,875 shares of the company’s stock, valued at $12,452,165. This trade represents a 52.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the transaction, the executive vice president directly owned 45,192 shares in the company, valued at approximately $14,244,518.40. This trade represents a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 458,260 shares of company stock worth $138,125,545. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GD. UBS Group lifted their price objective on shares of General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Argus set a $295.00 price objective on shares of General Dynamics in a research report on Tuesday, May 6th. Cowen reiterated a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. JPMorgan Chase & Co. boosted their price target on shares of General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and boosted their price target for the stock from $298.00 to $342.00 in a research report on Tuesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $315.78.

General Dynamics Stock Performance

Shares of GD opened at $324.64 on Friday. The firm’s 50 day moving average is $306.98 and its 200-day moving average is $281.52. The stock has a market capitalization of $87.33 billion, a P/E ratio of 21.79, a P/E/G ratio of 1.99 and a beta of 0.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $326.02.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.27. The company had revenue of $13.04 billion for the quarter, compared to analysts’ expectations of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. General Dynamics’s payout ratio is currently 40.27%.

General Dynamics Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.